Sensex Sees Smart Rally Again: PSU Banks See Spectacular Run

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    The Sensex and the Nifty saw a smart rebound in trade for the second day in a row led by a huge surge in PSU banking stocks.

    The Sensex ended the day with huge gains of 401 points, while the Nifty closed the day with gains of 133 points.

    A lower then expected non performing assets from Bank of Baroda pushed the markets higher with Bank of Baroda itself surging a huge 16 per cent in trade.

    Sensex Sees Smart Rally Again: PSU Banks See Spectacular Run
    Indices

    State Bank of India was the other stocks saw buying interest rallying a huge 4 per cent in trade and pushing all PSU banking stocks like Canara Bank, Oriental Bank of Commerce, Union Bank of India among others.

    Software stocks showed a mixed trend in trade today as the rupee strenghthened against the dollar. While HCL Tech gained ground, Infosys and TCS lost ground.

    Shares in steel companies were the winners in trade today after the Chinese central bank cut interest rates. Among the winners were Vedanta and Tata Steel.

    GoodReturns.in

    Read more about: sensex nifty
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more